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Mount Rainier, Prince George's County, Maryland Property Taxes

  • Median Mount Rainier, MD effective property tax rate: 1.69%, significantly higher than the national median of 1.02%, but lower than the Maryland state median of 1.06%.

  • Median Mount Rainier, MD home value: $404,500

  • Median annual Mount Rainier, MD tax bill: $6,691, $4,291 higher than the national median property tax bill of $2,400.

How are property taxes in Prince George's calculated?

Property taxes in Mount Rainier, MD are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Mount Rainier’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Rainier, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mount Rainier, Prince George's County, Maryland Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.96%

Estimate Property Tax Bill

$7,889

$7,321

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Mount Rainier Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Rainier with just two data points. By entering your property's estimated assessed value, our calculator applies Mount Rainier’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Prince George's County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mount Rainier, Prince George's County, Maryland

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Mount Rainier’s effective property tax rate to other cities in Maryland and the median property tax rates in Maryland and the U.S. Mount Rainier, located in Prince George's County, stands out with a median property tax rate of 1.69%. This is significantly higher than the national median of 1.02%. The property tax rate in Mount Rainier is consistent across its zip code, indicating a uniform rate within this area. When compared to the national median property tax bill of $2400, residents in Mount Rainier may experience a higher financial obligation due to the elevated rate. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Mount Rainier, Prince George's County, Maryland

Source: Ownwell

1.28%

1.62%

1.97%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mount Rainier Tax Rate

1.96%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Prince George's County Tax Rate

1.44%

Median Effective Maryland Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mount Rainier, Prince George's County, Maryland

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
207121.56%1.67%1.96%2.13%2.14%

Source: Ownwell

Property Tax Assessment Values Across Mount Rainier, Prince George's County, Maryland

When examining property taxes in Mount Rainier, Maryland, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Prince George's County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Prince George's County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mount Rainier. For example, the median home price in Mount Rainier is $404,500, with tax bills ranging significantly across the county. Zip code 20712 has the highest median home price at $404,500.

Property Tax Assessment Values Across Mount Rainier, Prince George's County, Maryland

Source: Ownwell

$225,100

$461,800

$698,500

Median Mount Rainier Market Value

$402,500

Median Prince George's County Market Value

$355,500

Median Maryland Market Value

$338,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mount Rainier, Prince George's County, Maryland

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
20712$298,400$355,400$402,500$453,300$534,500

Source: Ownwell

Property Tax Bills Across Mount Rainier, Prince George's County, Maryland

In Mount Rainier, located in Prince George's County, MD, property tax bills are calculated using the assessed value of a home, which is determined by local authorities. The tax rate is then applied to this assessed value to determine the annual property tax bill. Homeowners in Mount Rainier face a significant tax burden, with the median property tax bill standing at $6,691, notably higher than the national median of $2,400. Factors such as location, property size, and market conditions influence the assessed value, directly impacting the tax bill. This can be a substantial financial strain for homeowners, especially when compared to the national median property tax rate of 1.02%.

Ownwell offers a solution to alleviate this burden by providing property tax appeal and exemption services. By reviewing property assessments and identifying potential discrepancies, Ownwell helps homeowners challenge inflated valuations, potentially reducing their tax bills. This service not only saves money but also ensures that homeowners in Mount Rainier pay a fair amount, reflecting the true value of their property.

Property Tax Bills Across Mount Rainier, Prince George's County, Maryland

Source: Ownwell

$3,473

$6,429

$9,385

Median Mount Rainier Tax Bill

$7,393

Median Prince George's County Tax Bill

$4,985

Median Maryland Tax Bill

$4,092

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Rainier, Prince George's County, Maryland

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
20712$5,081$6,300$7,393$8,762$10,454

Source: Ownwell

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